Flat for sale 1 bedroom • 18 m² without real estateTurmstr.16-16B, , North Rhine-Westphalia

Object Description

Welcome to the Merovinga Residence – Turmstraße 16–16B – an established residential complex with over 250 units, located right across from the RWTH canteen in the heart of Aachen. The offered studio apartment is situated on the second floor, facing the garden – providing peaceful views of greenery while being just a short walk from the university, city center, and public transportation.

This apartment not only boasts a prime location for students and commuters but also represents a solid investment with development potential. Rental demand is unmatched.

Location

The apartment is located at Turmstraße 16–16B, directly opposite the RWTH Aachen University canteen – a location that is as central as it gets.

In just a two-minute walk, you reach Pontstraße, the hub of student life with numerous cafés, restaurants, and shops. There’s also a bus stop right outside the door – ideal for commuters or students who travel between the RWTH and FH campuses.

Location Highlights at a Glance:

• Directly at RWTH Aachen – optimal for student rentals

• Opposite the canteen – an unbeatable selling point for new rentals

• Pontstraße within a 2-minute walk

• City center, supermarkets, and public transportation in the immediate vicinity

• Bus stop right at the door

• Yet, the apartment enjoys the quiet of a garden setting

The apartment was partially modernized at the end of 2024 and impresses with its well-maintained finish and efficient layout covering 18 m².

Highlights of the Recent Modernization:

• New shower in the bathroom

• New pantry kitchen with a ceramic cooktop

• New PVC flooring in the hallway

The rental arrangement has been in place for over 11 years with a reliable, quiet tenant who is happy to continue residing in the apartment.

Currently, a cold rent of €500 per month is achieved – given the location and features, a market-appropriate, solid value.

Ideal for investors who value uncomplicated rentals with reliable income and a modernized property component.

Future-Proof Through Planned Modernization – An Investment with Perspective

The gas central heating system dates from 2012.

The homeowners’ association has approved an extensive energy retrofit program for the next 10 years (covering the roof, façade, windows, hallway repainting, and possibly wastewater pipes).

The total volume of the measures is around €4 million – with approximately €15,000 allocated to this unit. In addition, drainage pipe costs (around €800,000) will be spread over the next 10 years.

Positive Aspects for Investors:

• Modernization costs can be passed on to tenants (§ 559 BGB)

• Investments can be depreciated proportionally for tax purposes

• Long-term appreciation of the property through energy-efficient upgrades

• Part of the costs will be covered by the reserve fund; financing of the remaining amount is still under discussion – possibly through an HOA loan. Should this come to fruition, only a moderate increase is expected, along with a boost in the overall attractiveness and energy efficiency of the complex.

Additionally, the renewal of the electrical sub-distribution including the distribution board is already planned. Offers have been received, and the work will be carried out in phases. For this apartment, the cost will be about €2,400 (which is, of course, directly tax-deductible).

The upcoming renovations for the next 10 years have already been factored into the planning.

Of the €153 monthly service charge, about €70 is currently allocable. The remainder (€41) is used for non-allocable costs, and around €40 is currently being funneled into the reserve fund.

Viewings can generally take place on weekends. The tenant is employed; therefore, spontaneous viewings are unfortunately not possible.